Short Interest in Naturgy Energy Group, S.A. (OTCMKTS:GASNY) Declines By 99.5%

Naturgy Energy Group, S.A. (OTCMKTS:GASNY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 200 shares, a drop of 99.5% from the June 30th total of 38,822 shares. Based on an average daily trading volume, of 210,219 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

GASNY has been the subject of several research reports. Morgan Stanley upgraded Naturgy Energy Group to an “overweight” rating in a research note on Thursday, May 21st. Royal Bank Of Canada raised shares of Naturgy Energy Group from a “sector perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, BNP Paribas Exane raised Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Naturgy Energy Group Stock Performance

Shares of OTCMKTS GASNY opened at $6.73 on Friday. The stock’s 50-day simple moving average is $6.54 and its two-hundred day simple moving average is $6.25. Naturgy Energy Group has a twelve month low of $5.61 and a twelve month high of $6.91.

About Naturgy Energy Group

Naturgy Energy Group is a Madrid?based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.

The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long?term supply agreements and LNG trading.